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year ended December 31: What amount would the hospital report
as net patient service revenue in its statement of operations for
the current year ended December 31?
Question 8
The encumbrance account of a governmental unit is debited when
Question 9
The following revenues were among those reported by Ariba
Township in 2005: What amount of the foregoing revenues should
be accounted for in Ariba's governmental-type funds?
Question 10
Todd City formally integrates budgetary accounts into its general
fund. Todd uses an internal service fund to account for the
operations of its data processing center, which provides services
to Todd's other governmental units. During the year ended
December 31, 2005, Todd received a state grant to buy a bus, and
an additional grant for bus operation in 2005. In 2005, only 90%
of the capital grant was used for the bus purchase, but 100% of
the operating grant was disbursed. Todd has incurred the
following long-term obligations: General obligation bonds issued
for the water and sewer fund which will service the debt. Revenue
bonds to be repaid from admission fees collected from users of the
municipal recreation center. These bonds are expected to be paid
from enterprise funds, and secured by Todd's full faith, credit,
and taxing power as further assurance that the obligations will be
paid. Todd's 2005 expenditures from the general fund include
payments for structural alterations to a firehouse and furniture
for the mayor's office. In Todd's general fund balance sheet
presentation at December 31, 2005, which of the following
expenditures should be classified as fixed assets?